Powell Industries (POWL) Falls More Steeply Than Broader Market: What Investors Need to Know

Powell Industries (POWL) closed at $443.12 in the latest trading session, marking a -3.02% move from the prior day. This change lagged the S&P 500's 0.43% loss on the day. Elsewhere, the Dow saw a downswing of 0.37%, while the tech-heavy Nasdaq depreciated by 0.94%. The stock of energy equipment company has risen by 43.34% in the past month, leading the Industrial Products sector's gain of 8.66% and the S&P 500's gain of 0.89%.The investment community will be closely monitoring the performance of Powell Ind ...